Yingli Green Energy (YGE) Signs Sales Agreement With Recurrent Energy

Yingli Green Energy Holding Company Limited just announced that it has signed a strategic sales agreement with Recurrent Energy. Per the agreement, Yingli will supply Recurrent with PV modules until 2012. Recurrent will use the modules in solar energy projects that are expected to range in size from 2 to 20 MW.

In a press release, executives from both companies commented on the deal:

"Today’s agreement further signifies our commitment to meeting the industry’s demand for reliable, scalable and cost-competitive modules," said Mr. Liansheng Miao, Chairman and Chief Executive Officer of Yingli Green Energy. "We are particularly excited to work with Recurrent Energy as they are pursuing an aggressive market development strategy with a strong pipeline of projects across North America and Europe."

"The combination of Yingli Green Energy’s high quality modules, manufacturing scale and competitive pricing fits well with our development goals, especially within the rapidly-growing utility market," said Arno Harris, Chief Executive Officer of Recurrent Energy. "With this strategic partnership, we’re confident in our ability to provide industry-leading distributed solar power to customers worldwide."

:::: >>>

Leave a Reply

Your email address will not be published. Required fields are marked *